Two former Standard Chartered Bank relationship managers in Hong Kong were jailed for three years for swindling HK$28 million from 21 Japanese investors in a fake African development project scam.
Hong Kong police arrested a 67-year-old woman for allegedly swindling two property owners out of HK$4.3 million using a virtual currency investment scam disguised as a rental agreement.
Hong Kong romance scams netted $9M in a week; crypto fraud cases rise. Malaysia withdraws support for Blockchain Week over OnlyFans controversy. China warns of Bitcoin extortion using its name. FalconX cuts Singapore staff. South Korea plans stablecoin rules; Japan Bitget exits market.
The US has implemented a new global visa restriction policy targeting individuals involved in cybercrime, including online investment scams and sextortion. The policy, announced by Secretary of State Marco Rubio, also applies to immediate family members and aims to combat international cybercrime networks, particularly those defrauding US citizens.
India's Ministry of Home Affairs warns citizens about rising online investment scams. Cybercriminals use WhatsApp and Telegram to lure victims with fake high returns, fraudulent trading apps via private links, and blocked withdrawals. A retired scientist lost money in such a scam.
Hong Kong police arrested 69 individuals linked to a syndicate suspected of laundering approximately HK$200 million (US$25.5 million) from cross-border investment fraud. The operation, involving over 170 victims, targeted "mule" bank accounts used in the scheme.
Investment scams involving gold, crypto, and wine have surged, with over £220m lost in the past year. UK banks reported nearly 15,000 such scams in 2025, fueled by AI's ability to create sophisticated, large-scale deceptions. Overall fraud losses reached £1.28bn.
South Korean police arrested a foreign national, identified as A, on suspicion of aiding an investment scam. A was apprehended while attempting to collect an additional 60 million won in cash from a victim who had already lost 190 million won to the scam group.
Dongguan police have successfully cracked a new type of telecom fraud involving "high-return wealth management and gold investment," recovering 1120 grams of gold worth over 1.1 million yuan and fully compensating the victim. The scam targeted a woman who was tricked into purchasing and mailing gold through a fake app.
Dubai Police, in 'Tri-Force Sentinel', dismantled 9 scam hubs and arrested 276 suspects, mostly from Southeast Asia, for high-yield investment scams, 'pig butchering' schemes, and virtual currency fraud, with international cooperation including the FBI and China's Ministry of Public Security.
Investment scams targeting Hong Kong's elderly rose 17% in Q1 2026 despite an overall decline in cases, with police warning that better-educated retirees with more investment experience are increasingly vulnerable. Elderly victims' losses contributed to an 18.6% rise in total scam losses to HK$1.85 billion, even as case numbers fell 0.6%. The 1,264 victims over 60 suffered HK$530 million in losses, a 79% year-on-year increase.
A Lloyds bank customer, Sarah, had £20,000 stolen in an investment scam. Initially denied a full refund due to a 13-month reporting deadline, her money was fully reimbursed after BBC Radio 4's Money Box investigated the case.
